Andy Viderhorn, CEO of former Fetberger.
CNBC
Leaving its case against justice department Thick brand And its chair Andy Viderhorn.
In May 2024, the company and Viderhorn were Inspired by a federal grand jury The allegations made by the prosecutors on the charge of wire fraud, tax evasion and others in Los Angeles were a “Sham” loan scheme, indicating $ 47 million to Viderhorn.
On Tuesday, federal prosecutors filed Wiederhorn, two other people and all the allegations against them restaurant The company which owns Fetberger, Johnny Rockets and Great American Cookies.
Ever since he was convicted, Viderhorn has maintained his innocence. He was convicted for filing false returns and paying illegal gratuity to the first two decades ago, serving more than a year in the federal prison.
“With this prosecution behind us, I am eager to focus on the continuous growth and success of fat brands,” he said in a statement.
Viderhorn stepped as CEO of Fat Brands in 2023 after the company exposure The US Securities and Exchange Commission was investigating him. Fat brands and Viderhorn have not resolved a separate civil complaint from the SEC that stems from the same perceived conduct that provoked the allegations of the Department of Justice.
The prosecutors also told the federal court to dismiss separate criminal allegations against Vederhorn against a federal hooliganism in the possession of a handgun and the ammunition.
After the beginning of the second term of President Donald Trump, the agency’s shake-up comes from DOJ. In March, the White House fired the US Attorney Adam Schleffer at Los Angeles, who led the prosecution against Viderhorn. Schlefer later alleged His dismissal was the result of a blot campaign against him under the leadership of Viderhorn.
Despite the turnover, the Department of Justice in California Told Oregonian Prosecution against fat brands and Viderhorn will continue in April.
Months ago, the company donated $ 100,000 Trump opening fund,
The news of 7% fat brands climbed on the news on Wednesday morning. The stock has a market cap of less than $ 43 million.
